| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $33M | $26M | -34.6% | -16.5% |
| Op. Income | -$11M | $7M | -$16M | -259.2% | 30.3% |
| Gross Margin | 19.3% | 39.4% | 18.9% | -20.0pp | 0.5pp |
| Net Margin | -39.5% | 18.6% | -45.4% | -58.0pp | 6.0pp |
| EPS (Diluted) | $-0.77 | $0.47 | $-1.05 | -263.5% | 26.7% |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $4M |
| R&D Expenses | $4M |
| Selling & Marketing | $6M |
| General & Administrative | $5M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$11M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$216.4K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $0 |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $126.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $22M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $725.2K |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $529.4K |
| Long-Term Investments | $2M |
| Tax Assets | $2M |
| Other Non-Current Assets | $379.1K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $41M |
| Account Payables | $4M |
| Short-Term Debt | $444.9K |
| Deferred Revenue | $817.7K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $432.7K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $15M |
| Common Stock | $841.0K |
| Additional Paid-In Capital | $35M |
| Retained Earnings | -$10M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | -$1M |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $41M |
| Total Debt | $2M |
| Net Debt | -$515.6K |
